Jeera futures down 0.68 pc on profit booking

Jeera prices fell by 0.68 per cent to Rs 16,730 per quintal in futures trade today as speculators booked profits at prevailing levels amid lower domestic and exports demand at the spot market.
Ample stocks position following higher supplies from producing belts and anticipation of good crop in the next season too fuelled the downtrend.
At the National Commodity and Derivatives Exchange, jeera for delivery in current month was trading lower by Rs 115, or 0.68 per cent, to Rs 16,730 per quintal, with an open interest of 3,834 lots.
Similarly, the spice for delivery in November moved down by Rs 100, or 0.58 per cent, to Rs 17,020 per quintal in 10,713 lots.

Analysts said besides profit booking by speculators at existing levels, fall in demand in the spot market against adequate stocks position kept pressure on jeera prices in futures trade.